AAPL Intraday

The further AAPL moves up, the more effective yesterday's false break below the bearish descending triangle will be, so far, the intraday trade looks good.

 Yesterday morning AAPL didn't confirm on the open as it had a negative divergence, but just like the SPX chart I showed you yesterday of this same exact pattern on a larger scale that put in the June 4th bottom we have rallied from, AAPL was already positive going in to the bearish price pattern before it even broke and then had a more positive divergence on the break, the same as the SPX, today it is leading further.

The 5 min chart also sums it up nicely, the non-confirmation yesterday on the open as AAPL had a small head fake on the open with a break above the close from the day before, then a positive in to the bearish price pattern, more positive in to the break below and a leading positive. The higher AAPL moves up, the more the shorts from yesterday and others are squeezed.